12 U.S.C. § 207
Section 207 · 207, 208. Repealed. Pub. L. 10173, title VIII, 808, Aug. 9, 1989, 103 Stat. 446
Applied in 5 court decisions — leading case 478 F. Supp. 210 - In Re Franklin National Bank Securities Litigation (1979)
Most recently applied in 478 F. Supp. 210 - In Re Franklin National Bank Securities Litigation (August 1979)
How often courts cite this section
Court decisions citing this, by year.Markers show enactment, consequential amendments, and circuit splits over this section — watch for a citation surge after a change or a disagreement. The dip in the last several years is a data-coverage gap, not a real trend — our corpus holds fewer opinions from the most recent years, so recent citations are undercounted.
Section 207, acts Mar. 9, 1933, ch. 1, title II, 207, 48 Stat. 3; May 20, 1933, ch. 34, 48 Stat. 72, prescribed conditions for reorganization of banks, requiring consent of depositors and other creditors, of stockholders, or of both depositors and other creditors and stockholders, namely that the reorganization plan be fair and equitable to depositors, other creditors, and stockholders and be in the public interest; that the plan be consented to in writing; and that the approved plan be binding on all consenting or nonconsenting depositors, creditors, and stockholders. Section 208, act Mar. 9, 1933, ch. 1, title II, 208, 48 Stat. 4, made the provisions for segregation of deposits inapplicable after termination of conservatorship, and provided for termination of conservatorship after publication of notice of termination and mailing of a copy of such notice by registered mail to depositors of record.